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Crypto News Daily Squeeze

XRP, ADA, SOL… all inside this ETF

Written by Gode S.,

Web3 Market Analyst

Last Updated: July 02, 2025

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Plus: Celsius says Tether broke their BTC agreement

Welcome

GM. At the Daily Squeeze Bar: today’s special is a blood orange spritz with crushed optimism on the rim.

🚀 Two new crypto ETFs in the mix.

🍋 News drops: Tether's getting sued, NY Attorney General wants tougher stablecoin rules + more

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🍍 Market flavor today

Find out more about the Fear & Greed Index here.

Name		Price	24H	7D
Crypto Market Cap: $3.33T 1.53% (24H)
	Bitcoin BTC	$108,106.63	2.19%	1.04%
	Ethereum ETH	$2,486.23	2.71%	3.13%
	XRP XRP	$2.20	0.51%	0.80%
	BNB BNB	$659.03	2.02%	2.51%
	Solana SOL	$150.29	1.95%	4.36%

Prices as of 10:00 AM EST. Click here to see live data.

Honestly, not much has changed since yesterday.

The sentiment's still in Greed, and the market's still moving sideways as mid- to long-term holders are slowly selling off.

BTC price chart 07-02

Source: BitDegree

But according to CryptoQuant contributor Yonsei_dent, that is not a bad thing at all, because even with the selling, the price hasn’t dropped much.

That means there are enough buyers to soak up that sell pressure = exactly what you want to see if the uptrend's going to continue.

Yonsei_dent calls this kind of rotation healthy, and says it’s actually a sign of strength, not weakness.

Sandy from SpongeBob strong

The analyst also pointed to another interesting trend: there's been more activity from coins that haven't been touched for 1 - 3 years.

That’s likely people who bought during the last bear market taking profits.

Again, it’s normal - and it usually happens in the middle or later stages of a bull run. It just means the market’s slowly shifting from older holders to newer ones.

All in all, we’re likely in a quiet redistribution phase. And this kind of low-drama transition often builds the foundation for the next big move.

Spiderman waiting

Besides, CryptoQuant contributor Darkfost points out that even though some long-term holders are cashing out, they’re not doing it at peak profit levels.

Right now, the average unrealized profit is at around 220%.

That might sound like a lot, but it’s way below the 300 - 350% profits levels we saw during the market tops in March and December 2024.

For them to hit similar returns, Bitcoin would have to climb to around $140K.

That doesn’t mean it’s guaranteed to happen - but it shows we’re not in full-blown peak territory yet, and there could still be room for this market to run.

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🐳 War of Whales is ON

06-30 BloFin WOW

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This ends July 15. So, what are you waiting for? 🤨

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🥝 Memecoin harvest

Don't worry, your carefully researched altcoin is still flat - meanwhile, these are mooning: 🫠

Data as of 06:35 AM EST.

Check out these memecoins and plenty more here.

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🌞 Altcoin ETF Summer

Remember when we talked about this summer turning into Altcoin ETF Summer?

If you’re new to the Daily Squeeze and didn’t get that edition (... or got it but ignored it 🤨), you can catch up here - we also talked about how ETF approvals could impact altcoins overall.

All caught up? Cool.

… Or… did you just lie? 🤨 Eh, whatever. That's on you. We move:

That ETF Summer might've already started.

Businessman in the sea

1/ The first staking ETF got approved

The SEC told REX Shares and Osprey Funds it had “no further comments” on their Solana + staking ETF (SSK) - so they basically said, "go ahead."

That makes SSK the first crypto ETF in the US that includes staking rewards.

Here’s what that means in plain English:

The ETF holds real SOL and stakes it in the network - meaning it locks up the coins to help run the network → in return, the fund earns rewards → you, as an investor, get those rewards passed on to you.

REXShares tweet 07-02

Source: @REXShares

Now, sure, some might say this isn’t a “huge” deal because it didn’t go through the full approval process as a spot ETF (like Bitcoin and Ethereum did).

And it's true - the SEC didn’t officially “approve” it. They just didn’t object - which is a quiet way of letting it through without taking a stance on Solana’s legal status.

But it's still exciting, because:

👉 It shows the SEC is getting more comfortable not just with crypto assets, but with how those assets work (staking = core to Proof-of-Stake chains);

👉 It gives crypto investors a new way to earn passive yield without having to deal with wallets, validators, and DeFi;

👉 Aaaand it opens the door for a whole new category of ETFs built around staking.

A win is a win: The Incredibles

But that’s not all.

2/ Grayscale’s Digital Large Cap Fund is now an ETF

And this one did get formal SEC approval - not just a “no comment.”

The fund includes Bitcoin, Ethereum, Solana, XRP, and Cardano.

It's actually the first time SOL, XRP, and ADA have been included in a US SEC-registered ETF.

Which is massive - especially knowing that all three were previously named in SEC lawsuits as “potential securities.”

Nate Geraci tweet 07-02

Source: @NateGeraci

Is it a full approval of SOL, XRP, and ADA, though? Mmm, not really.

Grayscale’s ETF is a mixed basket - over 90% of it is just BTC and ETH.

So this isn’t the SEC saying, “Yep, Solana is good to go on its own.” It’s more like, “We’re fine with it as part of a group.”

The real regulatory nod of approval would be a spot ETF.

And the good news: ETF analysts say there's over a 90% chance that eight different spot altcoin ETFs will be approved by the end of 2025.

At the top of that list: Litecoin, Solana, and XRP. Here's the rest:

Spot altcoin ETF odds of approval

Source: @JSeyff

So yeah. Don’t forget your sunscreen.

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🍋 News drops

⚖️ A US judge said Celsius can keep suing Tether. Celsius says Tether broke their deal by selling 39.5K BTC before the wait period they had agreed on, which caused $4B in losses.

✍️ New York’s Attorney General, Letitia James, wants Congress to toughen up two stablecoin laws. She says the current versions aren’t strong enough to protect people who use or invest in them.

⚠️ Blockchain security firm SlowMist says scams went up in Q2 2025. They noted that scammers are now targeting people’s behavior instead of focusing on technical skill.

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